KB Home (NYSE:KBH) Holdings Lowered by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its holdings in KB Home (NYSE:KBH - Free Report) by 45.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,964 shares of the construction company's stock after selling 4,880 shares during the period. Mackenzie Financial Corp's holdings in KB Home were worth $392,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after purchasing an additional 214 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Amundi raised its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after acquiring an additional 201 shares in the last quarter. Headlands Technologies LLC raised its position in shares of KB Home by 1,409.1% during the 4th quarter. Headlands Technologies LLC now owns 996 shares of the construction company's stock valued at $65,000 after acquiring an additional 930 shares in the last quarter. Finally, Quarry LP lifted its stake in KB Home by 4,540.9% during the fourth quarter. Quarry LP now owns 1,021 shares of the construction company's stock worth $67,000 after purchasing an additional 999 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Performance

NYSE KBH traded down $1.42 during trading hours on Friday, hitting $51.53. The company had a trading volume of 1,449,015 shares, compared to its average volume of 1,303,395. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $53.17 and a 200-day simple moving average of $62.30. The firm has a market cap of $3.70 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.90 and a beta of 1.35.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 earnings per share. Equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio is currently 12.20%.

Wall Street Analysts Forecast Growth

KBH has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wall Street Zen downgraded shares of KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wells Fargo & Company cut their target price on shares of KB Home from $55.00 to $53.00 and set an "underweight" rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods lowered their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $71.05.

Insider Transactions at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the transaction, the director now owns 10,262 shares of the company's stock, valued at $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.89% of the company's stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.